How much does it cost to rent in Hoffman Estates, IL?

As of July 2026, the median monthly rent in Hoffman Estates, IL is $2,032. This figure is based on aggregated data from public sources and community-submitted rents.

Is Hoffman Estates cheaper than other Illinois cities?

Hoffman Estates falls in the middle range for Illinois, ranking #60 out of 142 cities at $2,032/mo.

When was Hoffman Estates rent data last updated?

Hoffman Estates rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IL

Hoffman Estates

Name: Average Rent Prices in Hoffman Estates, IL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 51,175·60th most expensive in Illinois·Rental market data updated monthly for Hoffman Estates, IL

Median rent (all units)

$2,032/mo

Year-over-Year

+2.0%

Month-over-Month

-1.7%

vs US Median

+$67

Falling (Monthly)

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Most AffordableMost Expensive

Hoffman Estates · $2,032

More expensive than 61% of US cities · National median $1,965/mo

Rent Reality Score

65/100

Good value

OverheatedFairGreat value

Rents are 8% below what Hoffman Estates's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,032/mo

Expected by trend

$2,202/mo

The Rent Reality Score compares today's median rent to where Hoffman Estates's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,660

1 BR

$1,780

2 BR

$2,010

3 BR

$2,580

4 BR+

$3,030

Research median

$2,010/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$24,384/yr

At $2,032/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+2.0% YoY, -1.7% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Hoffman Estates, IL is majority owner-occupied, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.

Population

51,175

Median income

$106,806

Median age

39.2

Renters

25.8%

Age distribution

24%

19.8%

27.7%

12.6%

15.9%

Under 1824%

18–3419.8%

35–5427.7%

55–6412.6%

65+15.9%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

50%

17%

25.2%

White50%

Black6.1%

Hispanic17%

Asian25.2%

Other1.7%

Education (25+)

19.5%

23.9%

48.5%

No HS diploma8.2%

HS diploma19.5%

Some college23.9%

Bachelor's+48.5%

Housing tenure

74.2%

25.8%

Owner74.2%

Renter25.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Hoffman Estates, IL has changed in 5 years

Rent

$1,477 → $2,032

up 37.6%

Income

$96,274 → $106,806

up 10.9%

Population

52,153 → 51,175

down 1.9%

Renter share

27.5% → 25.8%

-1.7 pts

Bachelor's+

48.4% → 48.5%

+0.1 pts

Median age

37.9 → 39.2

+1.3 yrs

The median rent in Hoffman Estates, IL stood at $1,477 in 2021 and currently runs about $2,032, reflecting a 37.6% increase over the period. Median household income rose from $96,274 to $106,806 between 2021 and 2024, a 10.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.9% since 2021, moving from about 52,153 residents to roughly 51,175. Renters now make up 25.8% of households, compared with 27.5% five years ago. Taken together, the five-year picture in Hoffman Estates, IL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Hoffman Estates

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View Hoffman Estates rent history (2015–2026) →

Salary vs rent

Can you afford rent in Hoffman Estates on your salary?

At $2,032/mo, how Hoffman Estates rent compares to typical pay (30% rule).

Registered Nurse

Avg $96,370/yr · Rent = 25.3% income

affordable

Elementary School Teacher

Avg $68,422/yr · Rent = 35.6% income

stretched

Police Officer

Avg $78,815/yr · Rent = 30.9% income

stretched

Software Developer

Avg $140,872/yr · Rent = 17.3% income

very comfortable

Lawyer

Avg $179,999/yr · Rent = 13.5% income

very comfortable

Firefighter

Avg $64,066/yr · Rent = 38.1% income

stretched

Truck Driver

Avg $57,844/yr · Rent = 42.2% income

rent-burdened

Electrician

Avg $71,298/yr · Rent = 34.2% income

stretched

By apartment size

Hoffman Estates rent by bedroom count

Median rent for each apartment size in Hoffman Estates. Click any size for full breakdown.

Local insights

Tips for renters in Hoffman Estates

About renting in Hoffman Estates, IL

Last updated: July 20, 2026

The median rent in Hoffman Estates is $2,032/mo as of July 2026. A studio apartment averages $1,660/mo while a 2-bedroom runs $2,010/mo. One-bedroom apartments average $1,780/mo and 3-bedroom units go for $2,580/mo.

At 23% of local median household income ($106,806/yr), Hoffman Estates ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

Is Hoffman Estates an affordable city for renters?

Hoffman Estates is considered very affordable for renters. At $2,032/mo, rent takes approximately 23% of the local median household income ($106,806/yr). The standard benchmark is 30%. Hoffman Estates falls comfortably within that range.

How much income do you need to rent in Hoffman Estates?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,032/mo in Hoffman Estates. The local median household income is $106,806/yr, meaning the typical Hoffman Estates household meets that threshold.

Is rent going up or down in Hoffman Estates?

Rent in Hoffman Estates has increased 2.0% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Hoffman Estates rent compare to other cities in Illinois?

Hoffman Estates is middle-of-the-pack for Illinois for rent, ranking #60 out of 142 tracked cities at $2,032/mo.

Which nearby cities are cheaper to rent in than Hoffman Estates?

Several nearby cities have lower median rents than Hoffman Estates ($2,032/mo): Rolling Meadows ($1,984/mo), Palatine ($1,990/mo).

What percentage of Hoffman Estates residents rent vs. own?

According to Census data, approximately 25.8% of Hoffman Estates households are renters, while 74.2% are owner-occupied. Hoffman Estates leans toward homeownership, which can mean a smaller rental inventory.

How does Hoffman Estates rent compare to the national average?

Hoffman Estates's median rent of $2,032/mo is $67 (3%) above the US national median of $1,965/mo. Within Illinois, it ranks #60 out of 142 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $2,032/mo, rent takes ~23% of Hoffman Estates's median household income ($106,806/yr). The standard benchmark is 30%.

Hoffman Estates 23%Benchmark 30%

State income tax4.95%

Run the Hoffman Estates affordability calculator →

Nearby cities